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How do we stop bitcoin?
>>
https://99bitcoins.com/bitcoinobituaries/

The press obviously cant do it
>>
>>152319382
I.R.S.
>>
>>152319382
Pl lz dont. Its making me quite rich.
>>
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>>152319382
>protip: YOU CANT
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>>152319382
You need to first own 51% OR MORE of the total processing power for bitcoin.

You can then proceed to rewrite the block chain, and send how every many bitcoins to which ever wallet you please.
>>
>>152319382
Wait.
>>
>>152319382
Make a purchase with a cryptovirus injection that slowly disintegrates bitcoins and eats up too much energy to continue
>>
>>152319382
Say it's hurting women or children in some contrived way, and then get the government to ban it.
>>
>>152319382
Shut down the dark web and it will lose any practical application.
>>
why stop it?
>>
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>>152319382
you can't. bitcoin is literally the be all and end all of cryptocurrency. pour all your monies into it without thinking.
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>>152320812
yeah maybe in 2011
>>
>>152320812
lol "the dark web" doesn't even use bitcoin anymore since it's literally less private than fiat at this point. they mostly use Monero. if you're a fag who feels like you missed the boat with bitcoin (even though you really didn't, get in now), Monero is a pretty good bet for the next big crypto. also buy some ETH since that's what people are going to be using to buy Monero.
>>
>>152319499
You regulate it...
>>
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WE WUZ INVESTERZ N SHEIT
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>>152320989
how?
>>
*Pop* goes the bubble
>>
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>>152319382
>How do we stop bitcoin?
>>
>>152320910
This.

Its ascended beyond the realms of being a mere currency. It has become a god of processing and stocks that has no use anymore because other cryptos make better currencies.
>>
>>152320959
There isn't going to be a 2nd bitcoin. If bitcoin crashes then all of the others will too.
>>
>>152320959
majority of people still use bitcoin on the dark web.

If you're getting caught buying/selling drugs on the deep web, someone tracing back the block chain is not a reason for it.
>>
shits crazy to watch. probably the biggest bubble in human history. imagine if the crypto market collapses with trillions of dollars invested in it. it would probably take the entire global economy with it.

probably smartest to just hide in the woods.
>>
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just trade more of it
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>>152319382
You buy Litecoin
>>
>>152321032
Any nation can block access to BTC servers through their ISPs. Then, instead of banning it, you 'normalize' it by pegging it to another asset which stabilizes the price. Then you designate preferred institutions to be the 'man in the middle' or marketplace. Then you establish rules and regulations regarding how it's traded and settles. After all that, you restore access to the exchange servers. But instead of have direct access to the marketplace you know have a man-in-the-middle (institution) which regulates the transaction and controls the market.
>>
>>152319382
Bitcoin is Skynet, you can't stop skynet. Only those who own a piece of the blockchain will survive the AI, welcome to depopulation.
>>
I can't believe it, I got in YESTERDAY and made $2000 in 24 hours
>>
>>152321900
>BTC servers
>>
>>152322109
exchange servers
>>
>>152322219
You don't need exchanges to trade. Even still all of this would be extremely easy to circumvent.
>>
>>152322293
even though it's decentralized, aside from a physical btc wallet, if you block access to exchanges you shrink the marketplace. The general public will not be able to access btc... yes of course there are work arounds, but the volume trades would greatly diminish. You can mop up workarounds with punitive regulation and force US banks to no allow any transactions to wallets/exchanges. Trust me, you can make it very difficult to exchange fiat dollars for BTC if you wanted to... it wouldn't kill BTC but it would dramatically slow down the volume of activity.
>>
>>152319382
Why contain it?
>>
>>152319382

you don't. it's a scam.
>>
Remember, the guys with the most guns
will get all your shit.
>>
>>152322743
Largest Crypto-Mining Exchange Confirms It Was Hacked, $62 Million In Bitcoin Stolen
http://www.zerohedge.com/news/2017-12-06/largest-crypto-mining-exchange-confirms-it-was-hacked-over-50-million-bitcoin-stolen
>>
invent our own currency, the butt coin.
>>
Kikes think they are going to going to destroy Japan and alt-right in one foul swoop while making out like Jesse Livermore in the futures exchanges. They are arrogant and will get their clocks cleaned.

Their other strategy is to short and attack companies that accept bitcoin so it loses it value as a currency.
>>
>>152322616
Ok, I'll mostly agree with this.

>>152322844
How is that bitcoins fault at all. That's what's great about bitcoin. There is no SEC there are no protections. You are responsible for you're own money and protecting it.
>>
>>152321798
It's too big to fail now
>>152321830
>>
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>>152319382
ask Xi
>>
>>152319382
>HOW DO WE STOP BITCOIN?

OP is literally retarded and going to be broke for the rest of his life, that or a worried jew
>>
>>152323096
It's not BTC fault. I support BTC. I have unique perspective given I'm in the financial services industry. Central banks have to much to lose by allowing BTC to run amok . Wouldn't be surprised if a crippling hack cause massive financial losses to sour public perception and cause people to believe it's a pyramid scheme.. or .. they legitimize it by regulating it, so they can control the price. It's inevitable in my opinion..
>>
That's why you transfer some of your BTC to LTC because the ratio is just too damn good right now.
>>
>>152319382
Routine Audit
Investigate pump and dumps
>>
>>152323309
I tend to agree especially with how much power there is behind global finance (pretty much all of it). I think something dramatic would need to happen however since pandora's box has been opened so to speak, as long as people have internet connections they can avoid modern banking.
>>
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>>152322091
You'll stay in too long and lose your entire investment when it crashes.
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>>152323555
They think they can avoid modern banking. BTC is not anonymous. You ISP can see when you trade BTC. You bank can see when you add fiat dollars to a digital wallet. And BTC transactions (the value of the transactions) can be viewed on exchange sites. All those data points can be matched up to provide enough of a fingerprint to identify many transaction. The blockchain /encryption function of cryptocurrency provides anonimity, but the transfer of fiat dollars into BTC and back does not. It's a fallacy that using BTC makes you financial dealings anonymous. And, yes, most def a big 'event' to discredit BTC would not be a surprise, neither would feigned acceptance and regulation. We'll see, time will tell.
>>
You wait until the bubble pops and places (like Valve already has done) stop accepting it as a form of currency.

The end.
>>
>>152319382

my biggest worry is that, it is only as good as tender if the other guy accepts it, what happens if we all suddenly lose confidence.

I think that is the only thing which is bothering, that if does crash, no one will pick up the pieces, unlike the governments IRL
>>
>>152323695

that's what happened last time. I sold about halfway down the drop and came out a little better than even, but felt like shit and didn't get involved again for like another year or two.

I'm pretty suspicious that bitcoin has a long-term linear growth pattern marked with short term spikes that peak a little over 1000% of the linear trend's value. I suspect the last of the smart people will sell any minute now.
>>
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>>152319382
why would you want to? you some kind of Federal Reserve Nigger
>>
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>>152320541
>>
>>152323941
Well in the case of BTC, yes it has a public ledger. However there are many currencies that do not and there are also services that obfuscate the flow of your transactions through "mixing" wallets and currencies. You can also buy BTC (along with many other currencies) with cash in hand or in many other ways that are not traceable. I'm not trying to argue that's what many people do and I wouldn't do it personally. However the ability is there through many avenues and its not as difficult as laypeople would think.
>>
>>152324050
spoken like a true filthy no-coiner
>>
>>152324630
That is true. I believe Japan is experimenting with ATM's that let you but BTC for cash. And yes, wallet mixing makes it harder to trace BTC. But as a rule of thumb, you have to remember the general public knows virtually none of that. The general public is who is entering the marketplace right now and creating the high trading volume. Again, you don't have to 'kill' BTC to stop it, you just cut off the general public or make it an annoyance to workaround restrictions.
>>
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>>152319382
>>
>>152321900
>BTC servers
why do people insist they opine on a topic they know nothing about?
>>
>>152323695
Just like that guy who bought at the peak of $1k in 2014 and held this whole time
>>
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>>152319382
I sold at $11,000
Why cant i fucking master this crypto trading bullshit
>>
>>152319382
I dont even make that per year
>>
>>152324894
We have BTC ATMs all over the US. I have 3 in my city. And yeah I agree with you.
>>
>>152323309
Also that crippling hack has happened before.

https://en.wikipedia.org/wiki/Mt._Gox#Security_breach_and_invalid_addresses_(2011)
>>
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>>152325131
When you see it in AUD, it's amazing
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>>152319382
We don't we should invest in bitcoin and get rich off it
>>
>>152325131

it's highly likely that that was a fairly good point to sell. I doubt it makes it more than 30% away from $11,000 before it goes back to baseline
>>
>>152320447
Only if they get ahold of your wallet. If they don't know who an address belongs to, how do they find out?
>>
>>152319382

ITT - peodos drive up the price of pedo-currency bay shilling about it = Die with your sage
>>
>>152325903
im gonna feel like a real butt head if your not right
>>
>>152320560
That's about the same as owning 51% of the net. If you can do that, why even bother with bitcoin? You can hold entire countries hostage electronically!
>>
>>152319382
BTC is going to crash hard.
>>
>>152323695
You can grow infinite tulips. There are only 21 million bitcoins.
>>
>>152319382
>Thinking the fact every spike correlates with the (((media))) hyping BTC
>Implying goys didn't immediately jump on it
>Implying they didn't hike the price by not knowing what they were doing
>Implying the the (((media))) hyping it up wasn't just (((pure coincidence))) and (((someone))) bought a shitload of BTC when they were 3 cents or whatever
>Implying that same (((someone))) isn't going to cash out and then (((crash))) that very same (((market)))
>>
>>152326268
21 million WILL exist, in 2140. 16 million CURRENTLY exist, at least 1 million of which are locked away in Satoshi's (RIP) wallets.
>>
>>152326268
There is two ends of the equation retard.
>>
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>"btc is going to crash any day now" says nervous nocoiner 7th time this month
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>>152326471
I forgot to post this lol

https://99bitcoins.com/bitcoinobituaries/
>>
>>152326042

I mean that's the pattern. Think about it this way: There are two possibilities. (A) if it's a real paradigm shift then BTC was massively undervalued and it makes sense for the curve to increase at a near linear rate, but it will eventually stabilize to a geometric rate once it's reached its new higher value. (B) If all that happened was a bubble, the exact same thing that happened last time will happen again: it will spike to something like 1200% of its baseline value and fall back to baseline again. The longer the price raises at an exponential rate, the less likely it is that possibility A is true. Unless bitcoin was really worth 100k when it was at 1k, then the derivative of the price curve should decrease if possibility A is true, and eventually the price change should stabilize, but with possibility B, we would expect the derivative of the price change to increase then suddenly change sign when it crashes. Right now the price is just growing faster and faster, so all signs point to bubble. You did the smart thing.
>>
>>152319382
cryptocurrencies which means they can never be real currencies
>>
Bitcoin is too expensive

Why can't I I have a program that makes fake bitcoins for me
>>
>>152326471


...so is the price just supposed to keep growing exponentially forever?
>>
>>152326608
Because you're a brainlet and you don't even understand how it works
>>
You need new normies to the market all the time and it's getting more and more difficult. There comes a point that nobody new isn't willing to buy your fisher price coin.

When the bubble finally bursts many people who pissed their life savings on this waste of electricity will kill themselves.
>>
>>152326607
Any currency you can buy cocaine with is a real currency.
There are only two groups who hate bitcoin.
1. Government(drugs and lost tax revenue)
2. Banks(not getting a sweet sweet fraction of the btc reserve)
>>
>>152326597
thats what i was thinking too around 11,000
but i guess i should have taken into account that its getting more exposure this time
>>
>>152326702
yes
>>
>>152326702
no, but it's not unreasonable to expect it to keep growing overall.
>>
>>152326702
>>>/biz/4838815
>>
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>>152326608
>>
>>152326702
>>>/biz/4838786
wrong post
>>
how come ever since Steam publicly announced it was dropping bitcoin there have been massive bitcoin damage control threads?
>>
>>152321798
>biggest bubble in history.
There have been bigger. Way bigger.
https://www.youtube.com/watch?v=k1kndKWJKB8
>>
>>152319382

When do I /buythedip/?
>>
>>152326969
Why has bitcoin increased in price even though steam announced it was dropping bitcoin?
>>
>>152326840

of course it's not. But if you expect it to keep growing at its regular geometric rate BEFORE crashing by less than 75% then you're delusional. It could have happened if the Bulls had backed off, but they're pumping it towards the cliff now.
>>
>>152326969
>steam says no more bitcoin
>bitcoin goes on bull mode and reaches 14k

ye steam lmao
>>
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>>152323117
>too big to fail
>any such thing
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>>152327165
it might dip down. It might dip down a lot. But retards here who think it will return to $1000 are... well, retards.
>>
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>>152326969
There's nothing worth buying on steam anyway.
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Lol you guys are buying imaginery, intangible currency. I cant wait for thia shit to crash and all these milennial hipster cause celeb investor faggot get rekt. Never, ever fully trust the internet with your money where youll never, ever be secure.
>>
>>152327391
the hilarious irony is that bitcoin is actually more tangible than $
>>
>>152319382
Regulate tether and force the SEC to investigate them, causing them to stop buying bitcoin with magically generated, non-backed fun bux.
>>
>>152326773

>Bitcoins can go to infinity and don't come with your retarded 22 millions bitcoins that exist. Yes the bitcoins only exist 22 millions but the tiny coins can go to infinity and that's why bitcoins getting more expensive they getting bigger with moe computer power. The biggest mining rig are the kings in the field. Basically central bank.

Normal people will never mind them but only the big companies.

Literally will never be a real currency.

Enjoy brainlet
>>
>>152327391
But isnt money simply a piece of paper........there is no difference..........
>>
>>152326969
The Bitcoin shilling is the result of it reaching $14k
Nobody cares about Steam
>>
>>152325131
I've fib retraced it and after the incoming correction price should land around 9k usd

Buy it again

>profit
>>
>>152326199
fib retracement sweet spot puts it at around 9k

Not bad at all
>>
>>152327702
>>152327814
were is it going from there do you think?
>>
>>152327702
>>152327814
proofs
>>
>>152327265

it will return to $2000
>>
1. Order LSD from a reputable seller.
2. Take the LSD.
3. https://www.youtube.com/watch?v=LYOtZvwNCsc&t=27m12s
>>
>>152327491

good point
>>
>>152327959
DMT or go home.
>>
>>152327869

after 9k it'll briefly go up again, then down to 2k
>>
>>152319382
I can't figure out how to permanently stop it, but I can work out how to cause a major crash in the current currencies that could take a year or so to recover from (although the next crypto would be more populated by people who understand both the tech and why it is important and would be resistant to the actions that worked last time.

Declare major crypto exchanges to be banks.
Demand a full audit.
Tax crypto profits.

This is a one time trick. Next time it won't work. Crypto isn't a bubble. It's a technology that is being adopted. Even if it is overvalued right now, it will still grow over time. Railroads were a bubble. Look what they've done to our entire civilisation.
>>
>>152320959
yes they do
>>
>>152327492
You shouldn't have that flag on, you stupid chode.
Try buying coke, meth, or MDMA with your wells fargo card.
>>
>>152327869
waaaaay up.

Even goyims at goldman sach are junping on the choo choo train.

If I had bought bitcoin when I forst heard of it I would be sniffing coke out of a whore's asshole in a carribean island while shooting a mini gun.

But no.. I'm a fucking normie
>>
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>>152328152
>mined a dozen bitcoins with my dad when it first came out
>can't find the wallet
>>
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>>152319382
you dont, nothing will stop us now HAHAHAHAHAHAHAHHAHAHAA
>>
>>152327894
https://youtu.be/IS9cfd5QO8A

He does a pretty good graph analysis.

I do it pretty much the same way.
>>
>>152319499
Damn, 99 bitcoins? I feel bad for you son.
>>
>>152328243
KEK

I've seen on the news of a brit who bought 1k btc waaaaay back and dumped the HD in the trash.

He was digging at his city trash dump with his bare hands
>>
https://www.youtube.com/watch?v=EE6duEmhGGc

in 2019 we will all be bitcoin millionaire nazis and building nazi ufos and ubermen, hahahaha faggots !
>>
>>152321409
because diapers? what?
>>
>>152323161
He knows it's the only way to be free of the Jew
>>
>>152328286
Nothing except quantum computers.

But they will kill pretty much the whole banking sys, ecommerce... bitcoin is just a feather on the cap
>>
>>152328080

dot-coms weren't a bubble either in the long term. Today, internet companies are highly valuable. But that doesn't mean the dot-com bubble wasn't a bubble. Most of those people still lost their money at the time and most of those companies still died. Sure, bitcoin may actually be worth 10000$ USD in 10 years, but right now it's worth about $2000 and the bulls have pumped it way too high.
>>
>>152328577
this
>>
>>152326702
maybe, at the very least you can't compare it to anything else since what bitcoin is, it's value and how it's created is compeltley unique, something everyone trying to predict what's going to happen by looking at past events have completley missing the point.
>>
>>152328637
then cash out nigga. Nobody is stopping you.
>>
>>152327003
I hate these guys so much, the definition of left leaning parasites, at least I know about the South Sea Bubble now though.
>>
>>152326702
yes, for now, they must, the value of bitcoin hasnt maxed out yet in the long run, it wont be forever though no
>>
>>152328327
>a random guy's TA is proof

/pol/ never was regarded as an intelligent board.. anarcho-capitalist? shoot yourself mate
>>
>>152328674
IOTA is supposed to be a counter to this so I'm holding some.

A hard fork could in theory update btc to quantum cryptography but that would scare the shit out of the normies and they would dump raising the volatility.
>>
>>152328637
I agree that bitcoin is overvalued by thousands of dollars. But I'd say based on the userbase to price ratio that any proportional drop would be far smaller than the 2013 crashes.
>>
>>152319382
Just wait for people to cash out, and then watch history repeat itself with a new medium.
>>
>>152328080

Dear stupid fuck.

Most exchanges are not US based. Most crypto is traded in Japan and Hong Kong.

China, which shits all over the USA in power, couldn't even ban it.
>>
>>152328871
If you knew anything about it you would criticize his analysis and not stick to ad hominem.

You just signed your shit for brains certificate.

Enjoy fiat currency and make sure to swallow old kike cum while the baking system is fucking you in the ass

USD is the definition of a shitcoin.
>>
>>152327003
So unlike those army debentures we can expect long term longevity out of bitcoin because of it's inherit worth, basically what I got out of that.
>>
>>152328777
Why do you hate them? The only leftist thing I've noticed them doing is putting "diverse" characters in their vidya videos. Anything in particular? Also their history series is really great imo. They even cover when they make mistakes and try and correct.
>>
>>152319382
Tax it

It will also crash Luke tulips because no one uses money that rises in value as money
>>
>>152329099
I did say that this would only be effective temporarily. And the sudden outflow of crypto trading into some other country would likely trigger their bank's alarm bells and so on.
>>
If you want non-govt. monetary instruments that has been around long time. Its called gold and silver. Bitcoin's only claim to fame is anonymous money transfer. No legal reason for that. Bunch of chinks wanting to hide their money from their govt., drug dealers, and terrorist getting rich on the stupidity of millennials that fall in love with every use of technology that circumvents the law. Idiots try to justify it in many convoluted ways, it boils down to making criminals even wealthier. Idiots that can't let go because of greed. I will have much lulz when plug gets pulled. Maybe it is what is needed to make this generation grow up, and realize the reality of the world.
>>
>>152329306
Army debentures are debt.

Bitcoin is not debt. Bitcoin's value comes from its scarcity, just like gold.
>>
>>152329127
What this guy said.

I fucking hate bakers holy shit.
>>
>>152329492
Bitcoin is valuable for the same reason gold and sliver is: It's scarce, and people think it's valuable.
>>
>>152319382
>>152319499
it is illegal to export cryptography out of the USA.
>>
>>152329312
I haven't watched them in a couple years, I mainly watched their video game theory videos, which was always a lot of talk of how they could fix all these problems games have without really being realistic when it came to the actual making of games, which have a lot of limitations and not necessarily programmers who can meet those lofty workarounds, I felt they took advantage of not really being able to be challenge with all these ideas of theirs and got famous of that immunity, that and they didn't really have any eye for diferentiating between Western games and Japanese ones, which in my experience is always a recipe for a close minded approach when it's THE singular point

Last video I saw https://www.youtube.com/watch?v=RsybY6dcXAQ&t=9s
Again, I get super annoyed that Mike took them at face value when really their greatest strength is just being charistmatic and getting people to buy into the idea that they're experts, at least for the game stuff.
>>
>>152329306
>>152329492

bitcoin doesn't have inherent worth though. Bitcoins scarcity is artificial. There is nothing stopping a bitcoin clone from coming in and cannibalizing that inherent worth. They certainly have been trying. This current bubble is highly speculative, and its making bitcoin too volatile to spend. What inherent worth does a currency have that you can't use?
>>
>>152329733
?
>>
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>>152319382
>Somewhere there's a Pizzeria with an immense amount of bitcoin and they probably never kept up with it.
>>
>>152329733
That hasn't been the case for many years. But yes, once upon a time time.
>>
>>152329881
Isn't that not the case? Aren't bitcoins supposed to be almost impossible to reproduce because of how complex their electronic coding is or whatever? Like you could literally have a supercomputer trying to create a clone of a bitcoin and it wouldn't work out? I'm no /g/ expert but that was always the gist of what I got, that world class super geniuses came up with these and there super proof against stuff like that.
>>
>>152328950
Its actually undervalued.
>>
will crash at 3 pm friday

my name is luther periwinkle
>>
>>152329499
>scarcity

KEK

>what is computer power
> mine into infinity
>>
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> "it's a new paradigm"
> a strippper told me how she invests in bitcoin
> the guy who makes my sandwiches telling me about bitcoin
> its blockchain cant even scale to a day-to-day currency use
> steam abandons it for above reason + too slow, high fees, volatile price
> only reason to hold btc is to watch it go up in value
> literally no other reason to hold bitcoin right now
> exchanges limit your weekly cash-out amount

Watch the bloodpath when the psychological effect of the price run-up flips the magical threshold where there's more fear of the new high prices than hope of higher prices, you can't all run to the exits when you're limited to 2k/week sell limits by the major exchanges. big boys will get out first, plebs will be slaughtered.
>>
>>152329981
>paid a fellow Bitcoin Talk forum user
no pizzeria got those bitcoins
>>
>>152330137
Well you clearly don't understand bitcoins or cryptocurrency in general.

Pro tip: There will only ever be 21 million bitcoins, by design.
>>
>>152326702
Bitcoin seems to grow rapidly, catching up to the pace of inflation far more quickly than anticipated.

At 21 million coins at about $14k, this is around $294 million. Very small considering U.S. has around $4 trillion in circulation just in USD alone. Because there is only a fixed value of bitcoin and the currencies it pegs on constantly devalue, bitcoin will always get more expensive even if it flash crashes.

I wouldn't be surprised if bitcoin hits $186,000 each in a few years.
>>
>>152330343
>tfw I have 2 bitcoins
LAMBOS FOR EVERYBODY
>>
>>152330232
>Pro tip: There will only ever be 21 million bitcoins, by design.
You can create and sell as much certificates on BTC as you like.
Only criminals you real bitcoin now, every speculator already trades fiat bitcoin, which is much less of a hassle.
>>
>>152330018
You clearly just have blind faith in bitcoin. Please do more research if you are thinking about getting into this. But the tech behind the bitcoin is known as the blockchain.This does have niche value; it can help facilitate a transaction without the need for trusting the partners involved. And blockchains will probably be used by the financial world at large in some way in the future.
But blockchains are not unique to bitcoin. And they run into the same problem all cryptography is facing very soon. That of Quantum computers. And that will happen.
Please don't believe everything on here, a lot of us are shills because bitcoin has blown up and if we pump t more we get richer and leave poor saps like you holding bags. Stay safe anon.
>>
>>152330232
>21 million bitcoins

Sure but the small coins get bigger and the bitcoin get more expensive. basically infiny
>>
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>>152330520
>fiat bitcoin
>>
>>152330529
As expected of quantum computers
>>
>>152319382
No one actually wants a Bitcoin that desperately just to shop with or because they think it's useful and incredibly valuable. The only reason anyone would pay that much is in hopes of selling their coin for much more. The coin itself is worthless. This bubble will burst, and badly.
>>
We don't. We just sit back and watch it burn and crash. All that money is now frozen in bitcoins, unusable and unsellable. It's high time it volatilizes.
>>
>>152329851
Every industry needs advocates like them to help promote ideals and get young people involved. The video game industry is notoriously bad with burnout and retention. You aren't their main audience but they seem really open to criticism maybe send them an email?
>>
>>152330707
>No one actually wants a Bitcoin that desperately just to shop with or because they think it's useful and incredibly valuable. The only reason anyone would pay that much is in hopes of selling their coin for much more.
That's how all investing works dipshit. People don't own stock in apple because they want to buy macbooks.
>>
I was able to scrounge 750 dollars to buy some bitcoin last month. Worth $1355 today. What to you guys think my best case scenario is gonna be with this?
>>
>>152330752
Dear Extra Credit, please change who you are deep down please.
>>
>>152330529
The actual problem is that blockchain has a retard design and transaction fee will only increase with time due to this.

How can anything with a transaction fee be used as money, that's beyond me.
>>
>>152330792
Sell some of it when the first peak happens, hold the rest

Will probably drop down and then start climbing again. Buy during the dip like crazy.
>>
>>152330707
nobody that live in murica that is.

Just wait a little longer for your debt based fiat bubble to burst and you will be all over gold and BTC.

Just remember that negative interest rates are being considered by the FED
>>
>>152330632
Just as we have much more gold certificates ("paper gold) in circulation than gold exists on this planet, we can have much more paper bitcoin than just 21 million.
Paper bitcoin doesn't have to be mined, it can be printed easily.
>>
>>152330644
I know you're trolling but quantum computing is a genune threat. The class of problems they solve is exactly the kind our encryption is based on. BTW more than bitcoin will be affected too. It's going to be bad for the financial world as a whole.
>>152330834
lol worth a shot
>>
>>152330529
banks will only use it if masterchains are implemented. Russia is already considering this. Blockchains have limits on how easy it is to get a a hardfork, and there is the
>>
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>>152319382
S`COOL
>>
>>152331053
why trade in paper bitcoin at all? just buy the real thing? you can literally go to bitcoin.com and buy bona-fide bitcoin.
>>
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>>152330875
This. I don't think 99% of the owners of bitcoin even understand how it works other than it's a get rich quick coin.

> this is a great time to buy!

said someone who has never seen a bubble. lot of oldfags here who have lived through 2 or 3 bubbles at this point. newfags about to get taken to the cleaners.
>>
>>152331053
So youre saying that bitcoin is bad because ppl can use it to make ponzi schemes and fraud?

Ahmed, I can make a ponzi scheme with ciggarete in jail... yet it will still have demand therefore value.
>>
>>152331100
Do you really call new and imminent technology a threat? It isn't a threat, it's what's going to happen, it's not like we should or can stop it, like that what the president said when the first nuclear bombs went of, that once it was done we can never go back, but yeah it probably won't be good but we have to brace for the inevitable.
>>
>>152331230
change the graph timeframe and it will act as a retractment and not as a crash.
>>
>>152331270
I know. Just bad syntax on my part. But yeah we would need to shift our cryptography to stuff that quantum computers will have a hard time breaking. But bitcoin isn't really resilient enough to do this.
>>
>>152331203
>bitcoin.com
hey jihan
>>
honest question for nervous btc holders, where is the next batch of suckers? We know you're already balls deep, so is my fucking local grocer, where's the next batch of new money going to come from?
>>
Bitcoin is a US government project to destabilize Chinese economy. I’m not touching it
>>
>>152331203
>why trade in paper bitcoin at all?
The same reason why people stopped using gold coins and started using paper notes: Easier, cheaper, quicker.
>>
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>>152319382
bubble will soon pop.
>>
>>152331235
>So youre saying that bitcoin is bad because ppl can use it to make ponzi schemes and fraud?
It just means that Bitcoin is no different from any resource, because you can create unlimited fiat money (debt) based on any resource.
>>
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>>152331499
24hours out of date
>>
I alone can stop bitcoin.
When I put my savings into it (~50k $) it'll drop like a stone. Should I do it lads?
>>
how hard is it to actually cashout BTC?
>>
>>152331666
Yes. You're obviously a well known jynx that fucks up everything you touch. Go get em tiger.
>>
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>>152319382
You discover that tether is pumping fake money they don't have into BTC thus pumping the price ad infinitum.
>>
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>>152319382
The fire rises brother.
its good to know that there are neets on this board that havent done anything with their lives that are living comfy on psuedo money. fuck the ratrace operated on kikery.
>>
>>152329127
>ad hominem about me using an ad hominem

ground breaking!!

>uses a strawman as if you know my opinions
sad! ive been in BTC since it was 700

you're the one who posted a video of BTC dipping, you dumbass FUD'er probably just got in last month KYS
>>
>>152319382
>tfw bought 50 'coins in 2012
>nowhere will exchange them for cash
So this is hell.
>>
>>152329499
>Bitcoin's value comes from its scarcity, just like gold.

lol... let me know when i can wear bitcoin jewelery or make electronics from bit coin. or even just hold a piece of bitcoin in my hands.
>>
>>152330756
>People don't own stock in apple because they want to buy macbooks.
But Macbooks still have value, value in themselves. Real value worth paying for or trading a good or service for. Bitcoins have absolutely no value. Your failure to understand this is the same reason your coin will fail.
>>
>>152325994
>brokerages give peoples details who trade high volumes.
>>
>>152331834
Still can't go outside and buy a booze with shitcoins.
>>
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>>152320560
>You need to first own 51% OR MORE of the total processing power for bitcoin.

Like fucking China?
Thanks for supporting Communism and letting them exchange air into Dollars!
>>
>>152331709
not very.
>>
>>152331894
gold was valuable as a metal in older times because it was extremely easy to work with. But in modern day it's basically a fashion statement and 99% of it is cast in bars sitting around doing nothing.
>>
>>152330440
Be patient and hold burgerbro. If it's true that bitcoin pegs to inflation, the population and debt increase will only make it more valuable in the end far beyond our wildest imagination. Would you believe me that bitcoin could hit or even exceed $4 million by 2040 should this be true?

$186,000 is roughly all the money in U.S. circulation if converted to bitcoin. China got into it so you get their money too and they inflate far faster since devaluation makes them an export leader. If my research is correct, they're 166,000,000,000,000 Yuan ($25.1 trillion) deep in money supply and they're big on bitcoin. You get their money too.

The rest of the world comes nowhere close to the contribution of these two countries and they have no intentions of slowing down. You still get their money too.

All I can say is try to get as much bitcoin as you can within reasonable limits. Grow it and make sure you never overspend past your gains. It's no different fundamentally from traditional investment vehicles.
>>
>>152332068
Well its only 08:24 here and I've already read the most retarded thing I'll read today. Fuck sake there was a time when that wouldn't happen until evening...
>>
>>152321900
Any nation can block torrenting by banning torrent servers to download da movies derp.
>>
>>152332176
Who would've guessed that it would be someone from the US?
>>
>>152329733
Boomer detected
>>
>>152332068
and bitcoin cant be worked at all. because its nothing but digital ones and zeroes. digital fiat.
>>
With maths, OP. I'm going to stop it. Screencap this post for when RSA gets cracked.
>>
>>152322219
There is nothing stopping 10 new exchanges being created for every 1 that is either taken down, or hijacked.
>>
>>152331626
Fraud btc is not real btc.

The blockchain exists for a reason.

If you are gullible enough to get cucked by a scam artist I can't fix stupidity and blaming the tool is used by the criminal not very smart
>>
>>152320512
Spread the wealth
1NwunPaCzzHBofx72uSQyt7fc3xqGW7txT
>>
>>152332292
the difference is bitcoin is not controlled by a shady central bank. And it's anonymous.
>>
>>152332372
Looks like the beggars from /biz/ are leaking over.
>>
>>152332339
https://www.extremetech.com/extreme/173108-researchers-crack-the-worlds-toughest-encryption-by-listening-to-the-tiny-sounds-made-by-your-computers-cpu
>>
>>152332439
>bitcoin is not controlled by a shady central bank
hahahahaha
>hownew.jpg
>>
>>152332456
>blast vaporwave while decrypting
>problem solved
>>
>>152328568
lol implying
>>
>>152320560
You need a lot more than that.

In addition, any entity that invests enough resources to obtain 51% of the world's hash power in Bitcoin mining is not likely to want to destroy the very thing that they have invested so much money into in the first place by stealing the Bitcoin and rendering it worthless.

Because even if you could wave a magic wand and steal all the Bitcoin in the world you would instantly destroy its value just by the fact that no one would be able to trust the currency any more.
>>
>>152332642
we cyberpunk nao.
>>
>>152319382
You let it collapse on its own. Bitcoin is not a currency, it's too volatile. It is a commodity and all the profit to be made has been made at this point. The public is now aware of it and, even at the beginning, the value of bitcoin is based on hype. This is why it's so inferior. While other currencies are backed by gold or oil, they're also backed by the strength of the countries using it. Bitcoin has nothing but hype and everyone knows how fickle that is. The people with millions in bitcoin won't be able to cash it in because it's fucking worthless and people are investing based on speculations.
>>
>>152332446
i wont consider them begging tbqh
its more prayers from a cult more like
>>
>>152332730
Is it weird to hate China but kinda like Xi?
>>
Quantum computers
>>
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Tell me a about the bitcoin fees /pol/
Are they just gona keep getting worse? I rather not pay up to $10 just to transfer shit everytime I need to
>>
>>152332439
You know nothing John Snow
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>>152332842
>>
>>152332767
A begging cult? That's even worse
>>
>>152332754
>While other currencies are backed by gold or oil, they're also backed by the strength of the countries using it
ah. thats why they all decrease in value over time. such strength!
>>
>>152332889
THATS WHY YOU NEED LITECOIN BUDDY
>>
>>152332456
Believe me. If only you, I want you to remember my words for when the news breaks. BTC will be cracked by mathematics alone.
>>
>>152332931
>>152332767
There are anons out there with thousands upon thousands of bitcoin with no needs or aspirations beyond pizza. I don't blame the beggars, I'm tempted to beg myself sometimes but don't out of pride.
>>
>>152331967
If i'm still alive in 2040 and haven't died of a disease in a dumpster I'll be sure to thank you.
>>
>>152333016
Good, because it's pathetic. I saw one guy say that he's posted his wallet 80 times now without anyone sending anything.
>>
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Bitcoin crashes when you realize the largest bitcoin exchange by volume (Bifinex) spun up another company called Tether that can essentially buy bitcoins for FREE until someone peeks behind the curtain and sees that they don't really don't have 1 USD for 1 Tether they issue..

https://seekingalpha.com/article/4129543-bitcoin-one-way-go-true?page=2
> Tether Limited management also runs Bitfinex, one of the largest cryptocurrency exchanges.
> Tether Limited has not been audited, and the management actively dodges any request for an audit, with the CFO of Bitfinex stating that “Writing that some non specified "third party" audited our numbers and found nothing wrong with them is something what will re-assure you about our honesty?” Note that no one is asking for a “non specified third party.”
> It is unclear where Tether Limited banks (given reason is protection privacy), but we do know that Wells Fargo has severed its relationship.
Tether Limited recently engaged Friedman LLP to perform an “audit,” but all the legalese from the filing signals that Friedman absolutely does not want its efforts to be viewed as an audit, stating “this engagement does not contemplate tests of accounting records or the performance of other procedures performed in an audit or attest engagement.”
> Tethers have been issued in large lots of tens of millions.
> If one believes that this is all a legitimate operation, one would have to believe that there are some astute traders/investors willing to write checks each worth tens of millions dollars multiple times in several days to an offshore corporation that is unaudited, in exchange for digital tokens for which they legally have no recourse should conversion to USD be denied; the management is allergic to an audit because it has nothing to hide, thus doesn’t need an audit; and that high correlation between Tether’s supply and the price of Bitcoin is purely coincidental.

Enjoy the ride
>>
>>152319382

It will stop itself. It's unsustainable period. The transactions take far too much power. The miner fee's are far too high. The processing time on transactions is far too high. It cannot store enough data on it's block chain. It's block chain is compromised. The vast majority of it's volume is comprised of bots. It's a giant speculative bubble that's going to experience a serious down turn come blue monday. Crypto always crashes hard on blue monday. If you wan't to put your money into something go into one of the very few alts that's not an outright scam and actually is doing something that does not involve being a vessel for speculation and the black market.
>>
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>buy bitcoin, it is a stable store of value, like Gold
>buy bitcoin, it's a digital currency
>buy bitcoin, the price is completely stable
*price shoots up through the roof in an obvious bubble*
>BUY BITCOIN, YOU WILL MAKE MONEY
>>
>>152329699
Its not scarce 1 million coins composed of 10 million bits, and if that isn't enough I can cook up 50 different flavored coins everyday. Gold and silver have real value, and will always be worth the labor to extract it from the ground. Idiots think bitcoin is valuable rushing to buy it, while chinajews and crimejews wait to pull the plug on the pozi scheme. "Buy, Buy its going up $100/day". Hahahahaha, idiots deserve to lose their money. Their stupidity only exceeded by those that will "buy the bounce".
>>
>>152333182
Oh i forgot, here is how Tether is going 'cash out' without people being able to prove fraud. They will have their unbacked currency "stolen" It's already happening

https://www.coindesk.com/tether-claims-30-million-stable-token-stolen-attacker/

Enjoy the scam coinfags, you're going to be holding the bag
>>
>>152319382
>How do we stop bitcoin?
With a power outage.
>>
>>152333202
>Crypto always crashes hard on blue monday.
bitcoin has never crashed
I thought it did one time. went from 35 dollars to a dollar fifty
now those numbers just sound silly dont they?
>>
>>152319382
Stage 3
>>
>>152333104
mods need to start banning btc beggars before it gets out of control
>>
>>152333362
>https://www.coindesk.com/tether-claims-30-million-stable-token-stolen-attacker/
you're so stupid. a centralized entity shitcoin no one has heard of? why did you bring this to us
>>
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Long term I don't believe its sustainable, for now its easy to make a quick buck or a couple hundred if ya smart. With fees and transaction times continuing to rise its slowly going to the shitter
>>
>>152333395

It crashed the last time it was in a speculative bubble during the mt.gox fiasco. It's just waiting for another, larger drama bomb to drive it way back down.
>>
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>>152333395
shut up shill.
>>
>>152333497
>https://www.bloomberg.com/news/articles/2017-12-05/mystery-shrouds-tether-and-its-links-to-biggest-bitcoin-exchange

$814 million of bitcoin's recent funding was funny money.
>>
>>152332364
>Fraud btc is not real btc.
Fraud dollars are not real dollars.
Yet everybody uses them.
>>
>>152330164
This. And also another reason to hate normies. All the normies are just in to make money, and when the bubble eventually pops, it is going to give cryptocurrency a very bad rep. Gas all the normies plz.
>>
>>152333497
Because tether is being printed at a rate of 10s of millions a day to buy bitcoin on bifinex. I guess you didn't read >>152333182

Look at it this way. MtGox 2.0 is inevitable, it's going to happen, so why not engineer it and profit from it?

The exit plan to cover the fraud is that Tether will be hacked and stolen, and once it's stolen Tether doesn't need to have 1 USD per 1 Tether.

Tether has almost printed a billion dollars in a last two months. And you think people are turning over 10s of millions of dollars to an unaudited offshore company?
>>
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>>152323695
The essential difference is that crypto isn't actually backed by goods. It is only backed by greed, supply of which is practically infinite.
>>
>>152325818
>
do in venezualan bolivars
>>
>>152333390
What's the point of money if there's no electricity?
>>
>>152328080
or the fed sells btc in dollars on the futures markets with money they print. keep selling until you control it. not sure if this would work as there are so many other cryptocccy
>>
>>152333899
Yep the writing is on the wall right now that tether is a engineered collapse of bitcoin, after binfex/tether have used their unbacked funny money to buy billions of btc and sell to the suckers watching this amazing run up.

coinfags seriously don't even believe mtgox was an inside job
coinfags won't believe tether is an inside job either

why do coinfags claim to be so smart? I mean 30 million in tether was just stolen today, that's almost 5% in one incident. A bigger 'incident' and whoops it's all gone and oh by the way now we don't need to have 1 USD per 1 Tether because there's no Tether left after the theft (they never had the USD to begin with.)
>>
>>152332230
torrents aren't hosted on servers, they're peer to peer, blocking multiple connections is hard to do and their are notoriously multiple workarounds.
>>
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>>
>Spend an entire paycheck on bitcoins in 2011
>I would have literally millions of dollars now
>Instead I sold them a week later to repair my car
>Now I make minimum wage and am in debt instead
>Can't afford to buy bitcoin anymore even though I know it's going up

kill me
>>
Fucking crash you stupid fuck. I need to buy in
>>
>>152333899
That's like 38 fake dollars for every $1400
>>
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>>152329733
>cryptography
>exporting

lolwut
>>
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bought .01 btc today. am i rich or poor?
>>
Where does Tether actually get the USD to back the astronomical price rise?
>>
>>152335279
i think everyone said that they made it up in their imagination
>>
>>152335058
wait for the "BITCOIN VALUE CRASHES FROM BILLION DOLLAR FRAUD" headlines

:)
>>
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>>152334955
>>
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>>152322091
>>
>>152335523
> Tether’s website makes a claim that’s unusual among cryptocurrencies: “every tether is always backed 1-to-1 by traditional currency held in our reserves.” The site also says each tether can be redeemed for $1. But its terms of service say: “There is no contractual right or other right or legal claim against us to redeem or exchange your tethers for money. We do not guarantee any right of redemption or exchange of tethers by us for money.”

> Oguz Serdar said he tried tether, but came away disappointed. When Turkey banned PayPal last year, he began using bitcoin to pay contractors working with his advertising technology company, then started investing in it on his own. When he feared bitcoin was poised to drop, he said he shifted funds into tether. “It’s a way to park your gains,” he explained in a telephone interview. “It’s what you do temporarily.”

> He said that in early November he tried to cash out $1 million of tether, a request Tether refused.

Tether is MtGox 2.0, the only question is how to profit from it
>>
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>>152335536
>>
>>152319382
>How do we stop bitcoin?

I just sold all mine.
>>
Just wait until the exit panic when the exchanges start imploding.

This is going all the way to zero this time.
>>
>>152336297
God this picture is perfect.
>>
>>152336485
Best way to explain the bitcoin cycle to normies.
>>
Member when 4chan did that Steve Jobs prank in 2008..... Apple stock fell by 13% and its a very stable company.Imagine what would happen to BTC
>>
>>152336297
saved
>>
I cashed out at $11,000 but still have £100 left in to mess around with
what crypto do i change to when bitcoin starts to crash?
>>
>>152336297
So basically hodl forever?
>>
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>>152319382
>>
>>152337044
das rite
>>
>>152336297
Thats the beauty of fractals
>>
>>152337278
Ganbare Bitcoin-chan
>>
>>152335054
We're not going down anymore, anon.

Get in now or be left in the ash heap of history.
>>
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>>152323695
>if i keep saying it it will become true
>>
>>152324955
no thats how you kill eth not btc
>>
>>152326702
Google: S curve
>>
>>152326268
and they're going to continue to be mined for over 100 years, literally longer than the Federal Reserve has existed
if you don't like the Federal Reserve printing money why are you jerking yourself off over Bitcoin miners printing money
>>
>>152328577
>implying you understand quantum computing
>>
>>152326199
Btc at $500
>BTC is going to crash hard.
Btc at $1000
>BTC is going to crash hard.
Btc at $5000
>BTC is going to crash hard.
Btc at 10,000,
>BTC is going to crash hard.
Btc at 14,000
>BTC is going to crash hard.
>>
>>152319382

I have never seen a guy actually cash out a hefty sum of money from bitcoins a la actually convert the digital into actual coin.

I have friends setting on bitcoins unable to convert unless he buys stuff directly for bitcoin.

I dont get it. Lets say i have a million dollars worth of bitcoins, i want that million in my bank account. Do i need to find an actual person to give me that cash or are there any services like a stock exchange ?
>>
While you guys were memeing in this thread I made 10,000
>>
THERE ARE NO BRAKES ON THIS TRAIN.
>>
>>152339291
So nobody is going mention that bifinex, the largest bitcoin exchange in the world, based in Hong Kong, has had no banks willing to work with it since Wells Fargo severed ties 7+ months ago over fraud?

Let me repeat that again, bitfinex has NO BANKING PARTNERS

No one is going to mention bifinex was already just hacked for 72 million and couldn't even pay it back?

No one is going to mention they printed out Tether, a new crypto they invented, out of thin air to pay back some of that 72 million, and sold equity in their own company to pay back the rest. THEY PRINTED OUT TETHER, despite not having enough actual CASH to pay the people back.... The only problem: Tether is supposed to backed by 1 USD per 1 Tether. If they legitimately printed Tether then they should have had cash, that means they created it with ZERO backing and Tether is a fraid

> https://www.biznews.com/global-citizen/2017/12/06/bitcoin-bitfinex-tether-risk-crashing/
> https://www.bloomberg.com/news/articles/2017-12-05/mystery-shrouds-tether-and-its-links-to-biggest-bitcoin-exchange
> https://seekingalpha.com/article/4129543-bitcoin-one-way-go-true?page=2

Enjoy MtGox 2.0 suckers. You're funeral if you don't read all this stuff.
>>
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>>152339480
thhats great for you pal. I wish i could do that.

Now tell me. Where do you go get fiat currency for it to be in your bank account and or to go to a restaraunt/ have a night out. or buy shhitload of ammo to go to the range?

dont give me any "meme" responses. I want the actual adult response.

How do you put that money in your bank account? What website? What service? I want links and URLS.
>>
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Wheeeeeeeee!
>>
>>152339682
It's not liquid. You need to find a buyer that will give you cash for it. Then you get the cash, transfer it to your account and spend it.
>>
>>152339682
You sell it to the next fag for cash before the crash, same with gold stocks really. It is just a store of value
>>
>>152339774
Which wallet, and what are forks
>>
>>152339774
Any linkks to this?

The one reason i have not inveested in bitcoin at all. is because NOBODY no matter how much tey love to talk about bit coin going up in value whic is great) Ever mentions Where thhey physically go and or URL where tey go to cash out the money and recieve it in thheir account.

Guy at my job hhas been in on this for ages.
>>
>>152339681
i can make a quick buck i don't care
>>
>>152339842
If you're trading, you keep your coins in the wallet at the exchange. Get those fuckers out as quick as you can when you're done. Use BTC Armory for a paper, offline wallet. Get 2 safe deposit boxes at different banks, and store the copies there. DO NOT LEAVE YOUR BTC IN THE EXCHANGE WALLET.
>>
>>152339861
You can buy/trade at one of the exchanges. Coinbase and Bitfinex are probably the most well known. You could also find someone you know with BTC and buy from them directly. There's a few BTC ATM's about, and you can use BTC directly on some web stores, but it's not really that practical for every day use just now.
>>
>>152339972
That sounds rather time consuming and/or difficult
>>
>>152339682
>Now tell me. Where do you go get fiat currency for it to be in your bank account and or to go to a restaraunt/ have a night out. or buy shhitload of ammo to go to the range?
What are bitcoin debit cards?
>What website? What service? I want links and URLS.
https://bitpay.com/card/
>>
>>152340145
So is 8 hours flipping burgers at McDonalds. Your dreams aren't going to come true while you sit at home and pick your nose. Whether it's BTC, your own business or some other endeavour, you need to get off your arse, get out of your comfort zone and hustle if you want to make some cash. It's up to you bro - good luck.
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>>152340303
fuck it i'll do it.
i'm hearing cashout issues everywhere though so now I've gotta figure out who to go with
>>
The crash has started
Buy the dip buy the dip buy the dip
>>
>>152333182
The first bankers scheme ever, made anew
>>
>>152339449
I'm not buying that you a Jew cannot grasp the concept of trading. Like a commodity it is worth exactly the value you've given it, or that of the value someone else will trade it for.
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>>152341035
all the wallets have cashout issues though(?)
>>
We just hit 15,600. This is the moonshot boys, This is what we have been waiting for. Normies btfo
>>
>>152342073
> https://hackernoon.com/the-curious-tale-of-tethers-6b0031eead87
Call me when bitfinex explodes from the 7 month long fraud they've been perpetrating since Wells Fargo cut off their own professional banking access. Bitfinex is the world's largest bitcoin exchange, far larger than coinbase, 45% market share. It's your own funeral if you choose to read the link and inform yourself.

Im out, have a good night anons, keep these bitcoin shills in check.




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